Gu Jingci: Bitcoin/Ethereum rose as scheduled, then fell back and dropped. Further pullbacks will continue afterward.

Bitcoin/Ethereum have been repeatedly reminding short sellers to enter positions over the past few days, adding to shorts with floating profit: the short at 1980 and 67,500. I even reminded multiple times that during the process of the market rallying and then pulling back, the short positions were still being held. Many people saw a 1930 short get lifted by about twenty-odd points and started shouting—honestly, there’s really no need. The market is starting to pull back and fall on the daily chart level. For more prudent friends, you can first take profit on the portion added with floating profit; keep the initial position and continue to hold while waiting for further downside. Bitcoin has fallen from 66,700 to around 64,700, giving about 2,000 points of room. ETH is overall still relatively strong, but it doesn’t matter—over the next few trading days, we’ll teach ETH how to play second fiddle! Right now the overall market is a bit slow, so be sure to hold the trend swings and keep the space.

For short-term support, watch the 1,800 to 1,820 area and the 63,500 level. For important support, refer to 1,700 and 61,000. If the price is pushed up in the evening, keep shorting. Targets to reference are near the short-term support area.
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